Question

Why are countries drawn to modern economic systems?

Answer 1

Answer:

The following are advantages of modern economic system

Explanation:

1. Countries embrace modern economic system since it increases national productivity.

This is due to the fact that the free trade system make the public and private sectors to work in improving their enterprises and at the same time improving the government

      2. The modern economic system gives governments easy time to handle       since most of the enterprises are privately owned.

      3. Modern economic systems maximize the use of resources in countries: the government cannot manage all its resources.